XN000022-1989-08-07 — Page 4

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MONDAY, AUGUST 7, 1989

MR

SAID

WAS WORKING BARNES

THE GOVERNMENT SOLUTIONS TO THE PROBLEM AND TO FIND MEANS OF SATISFYING EXPRESSED BY PEOPLE ABOUT THE HIGH ISLAND SITE.

"DESPITE BEING VERY OVER-STRETCHED. PERFORMING MAGNIFICENTLY IN COPING WITH THE SAID.

HARD TO FIND THE WORRIES

STAFF GOVERNMENT VIETNAMESE PROBLEM.

ARE HE

"I APPEAL TO YOU TO SUPPORT THEM AND NOT TO MAKE THEIR JOB

ANY

HARDER.

**

REVISED ESTIMATES OF GROSS DOMESTIC PRODUCT FOR 1987, 1988

*

OF ESTIMATES DETAILS OF THE REVISED (GDP) FOR 1987 AND 1988 WERE RELEASED BY DEPARTMENT TODAY (MONDAY).

GROSS DOMESTIC PRODUCT THE CENSUS AND STATISTICS

DETAILED FIGURES ARE GIVEN IN THE TABLES 1 AND 2.

ACCOMPANYING TWO TABLES

-

REVISED EXPENDITURE-BASED GDP ESTIMATES FOR 1987 AND 1988 (TABLE 1)

RATE IN REAL THE REVISED PRELIMINARY ESTIMATES OF THE GROWTH TERMS OF THE EXPENDITURE-BASED GDF FOR 1988 18 7.3 PER CENT, WHICH IS PER CENT RELEASED IN VERY CLOSE TO THE PRELIMINARY ESTIMATE OF 7.4 MARCH 1989,

PRIVATE PER CENT, 8 PER CENT. ESTIMATE AND ΤΟ THE

RATE IN REAL TERMS OF GROWTH THE ESTIMATE OF THE CONSUMPTION EXPENDITURE HAS BEEN REVISED UPWARDS TO 9.0 COMPARED WITH THE PREVIOUSLY PUBLISHED GROWTH RATE OF 7. THIS IS DUE TO THE UPWARD REVISION IN THE 1988 DOWNWARD REVISION IN THE 1987 ESTIMATE.

MODERATE DOWNWARD REVISIONS HAVE BEEN FOR CHANGE IN STOCKS AND EXPORTS OF SERVICES. ALSO BEEN MADE TO THE OTHER GDP COMPONENTS.

MADE ΤΟ THE ESTIMATES MINOR REVISIONS HAVE

GROWTH RATE IN REAL PER CENT, WHICH

THE REVISED PROVISIONAL ESTIMATE OF THE TERMS OF THE EXPENDITURE-BASED GDP FOR 1987 19 13.8 IS THE SAME AS THE PROVISIONAL ESTIMATE PUBLISHED IN MARCH 1989.

IN

AN UPWARD REVISION HAS BEEN MADE TO THE ESTIMATE FOR CHANGE

ECONOMIC STOCKS AS A RESULT OF THE NEW DATA AVAILABLE FROM THE ANNUAL SURVEYS OF THE MANUFACTURING AND DISTRIBUTION TRADE SECTORS.

IN

REAL

TERMS

THE GROWTH RATE

OF

CONSUMPTION PRIVATE TO 10.5 PER CENT, COMPARED EXPENDITURE HAS BEEN REVISED DOWNWARDS WITH THE PREVIOUSLY PUBLISHED ESTIMATE OF 11.1 PER CENT.

/MINOR REVISION